1408 SE 22nd Ave Portland, OR 97214
Listing Courtesy of: MLS LogoRMLS / Keller Williams Sunset Corridor - Contact:  971-235-9561

  1408 SE 22nd Ave Portland, OR 97214

Active (11 Days)
$1,400,000
7
BED
7
BATH
6,178
SQFT

Description

This seven-unit multifamily property is located at the corner of SE 22nd and Madison in Portland’s highly desirable Buckman neighborhood. Built in 1904, this classic eastside building offers spacious one-bedroom units, each approximately 600 square feet, featuring hardwood floors, gas ranges, and abundant natural light.The property includes on-site laundry, a full basement with storage, and off-street parking—rare amenities in this walkable, bike-friendly area. Positioned on a prominent 10,000+ SF corner lot, the building benefits from excellent visibility and proximity to SE Hawthorne and Belmont’s retail corridors, drawing strong, stable tenant demand.Current rents range from $1,225 to $1,795/month, with a projected gross income of $145,236 and a cap rate of 5.67%. Residents enjoy easy access to transit, local parks, and a vibrant food and beverage scene, all within one of Portland’s top-performing rental submarkets.With strong in-place income, upside in rents, and an irreplaceable location in one of Portland’s most beloved neighborhoods, this property presents a compelling opportunity for local investors seeking long-term value and reliable cash flow.

MLS #:
309652379
Taxes
$9,275(2024)
Lot Size
10,018 SQFT
Type
Multifamily
Year Built
1904
County
Multnomah County
Community
Buckman-Hawthorne

Listed By

Benjamin Ficker, Keller Williams Sunset Corridor, Contact: 971-235-9561
Source
RMLS
Last checked Jul 14 2025 at 10:43 PM PDT
Bathroom Details
  • Full Bathrooms: 7
Subdivision
  • Buckman/Hawthorne
Lot Information
  • Corner Lot
Basement Information
  • Full Basement
Exterior Features
  • Wood Siding
  • Roof: Other
Utility Information
  • Sewer: Public Sewer
  • Fuel: Gas
School Information
  • Middle School: Sunnyside Env
  • High School: Franklin
Parking
  • On Street
Stories
  • 2
Additional Information: Keller Williams Sunset Corridor | 971-235-9561
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Windermere Real Estate Services Company, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last updated on (7/14/25 15:43). Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.